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Solid 3Y Auction Stops Through Ahead Of Friday's CPI Report

Solid 3Y Auction Stops Through Ahead Of Friday's CPI Report With 10Y yields knocking on 4.80%, and threatening to blow out to 5% - if not beyond - there was plenty of interest in the outcome of today's 3Y auction, especially since tomorrow the Treasury starts the new and improved bond buybacks. And now that the auction has priced, we can say that there was plenty of demand.  The sale of $58BN in 3Y paper priced at a high yield of 4.474%, which was up from 4.291% in August and the...
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